The Gross Domestic Product (GDP) in Slovakia expanded 0.70 percent in the third quarter of 2016 over the previous quarter. GDP Growth Rate in Slovakia averaged 0.92 percent from 1997 until 2016, reaching an all time high of 9 percent in the fourth quarter of 1998 and a record low of -7.60 percent in the first quarter of 2009.

Slovakia GDP Growth RateNotes

Slovakia has been one of the fastest growing economies in Europe. Foreign direct investment, especially in the automotive and electronic sectors, fueled much of the growth until 2008. In 2011, the Slovak automotive industry reached production levels of more than a million cars per year. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.